v3.25.2
Debt Securities Available for Sale (Tables)
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Debt Securities Available for Sale

The following tables reflect the amortized cost and fair value of debt securities available for sale as of June 30, 2025:

 

2025
       Gross   Gross     
   Amortized   Unrealized   Unrealized   Fair 
   Cost   Gains   (Losses)   Value 
                 
U.S. Treasuries & Govt. - sponsored agencies  $33,717   $0   $(1,439)  $32,278 
State and municipal   60,317    124    (4,369)   56,072 
Mortgage-backed - residential   45,432    27    (5,197)   40,262 
Collateralized mortgage Obligations (CMOs)   21,288    38    (1,786)   19,540 
                     
   $160,754   $189   $(12,791)  $148,152 

 

The following tables reflect the amortized cost and fair value of debt securities available for sale as of December 31, 2024:

 

2024

       Gross   Gross     
   Amortized   Unrealized   Unrealized   Fair 
   Cost   Gains   (Losses)   Value 
                 
U.S. Treasuries & Govt. - sponsored agencies  $39,650   $0   $(2,171)  $37,479 
State and municipal   59,958    172    (3,866)   56,264 
Mortgage-backed - residential   42,520    0    (6,189)   36,331 
Collateralized mortgage Obligations (CMOs)   15,881    0    (2,220)   13,661 
                     
   $158,009   $172   $(14,446)  $143,735 
Schedule of Amortized Cost and Fair Value of Debt Securities

 

   Amortized Cost   Fair Value 
Due in one year or less  $10,935   $10,813 
Due after one year through five years   44,679    43,198 
Due after five years through ten years   17,071    15,954 
Due after ten years   21,349    18,385 
    94,034    88,350 
Mortgage-backed – residential   45,432    40,262 
Collateralized mortgage obligations   21,288    19,540 
   $160,754   $148,152 
Schedule of Debt Securities with Unrealized Losses

Debt securities with unrealized losses as of June 30, 2025 not recognized in income are as follows:

 

2025
   Less than 12 Months   12 Months or More   Total 
  

Fair

Value

   Unrealized Loss  

Fair

Value

   Unrealized Loss  

Fair

Value

   Unrealized Loss 
U.S Treas. & Gov’t - sponsored agencies  $0   $0   $32,278   $1,439   $32,278   $1,439 
State and municipal   11,118    182    35,120    4,187    46,238    4,369 
Mortgage- backed – residential   2,109    40    32,487    5,157    34,596    5,197 
CMOs   2,876    35    12,363    1,751    15,239    1,786 
Total temporarily impaired  $16,103   $257   $112,248   $12,534   $128,351   $12,791 

 

Debt securities with unrealized losses as of December 31, 2024 not recognized in income are as follows:

 

2024
   Less than 12 Months   12 Months or More   Total 
  

Fair

Value

   Unrealized Loss  

Fair

Value

   Unrealized Loss  

Fair

Value

   Unrealized Loss 
U.S Treas. & Gov’t - sponsored agencies  $0   $0   $37,479   $2,171   $37,479   $2,171 
State and municipal   9,719    65    33,978    3,801    43,697    3,866 
Mortgage- backed – residential   943    8    34,094    6,181    35,037    6,189 
CMOs   961    41    12,699    2,178    13,660    2,219 
Total temporarily impaired  $11,623   $114   $118,250   $14,331   $129,873   $14,445